Bank of the Carolinas Declares A Cash Dividend

Bank of the Carolinas Declares A Cash Dividend 


MOCKSVILLE, N.C., March 24  /PRNewswire-FirstCall/ -- Bank of the Carolinas 
(BULLETIN BOARD: BCAR) , announced today that, at its regular meeting of its
Board of Directors held today, the Board declareda cash dividend of $.05 per
share of its common stock, payable on April 15, 2004, to shareholders of record
on April 1, 2004.  This will be the second cash dividend paid by the bank since
it opened on December 7, 1998.

Bank of the Carolinas is a state-chartered bank, headquartered in Mocksville,
NC, with offices in Advance, Asheboro, Carthage, Cleveland, Harrisburg and
Landis.

The bank's common stock is traded on the OTC Bulletin Board under the symbol
BCAR.  Market makers include Scott & Stringfellow, Inc., Monroe Securities, and
Baid, Patrick and Company.  Additional information about Bank of the Carolinas
is available on its website at http://www.bankofthecarolinas.com/ .

    For further information contact:
    J. A. Bush
    Chief FinancialOfficer
    Bank of the Carolinas
    135 Boxwood Village Drive
    Mocksville, North Carolina 27028
    [phone]


DATASOURCE: Bank of the Carolinas



CONTACT:  J. A. Bush, Chief Financial Officer of Bank of the Carolinas,

[phone]



Web site:  http://www.bankofthecarolinas.com/ 

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